The Resource The cost of institutions : information and freedom in expanding economies, Jacob P. Rodriguez, Steven R. Loomis, and Joseph G. Weeres

The cost of institutions : information and freedom in expanding economies, Jacob P. Rodriguez, Steven R. Loomis, and Joseph G. Weeres

Label
The cost of institutions : information and freedom in expanding economies
Title
The cost of institutions
Title remainder
information and freedom in expanding economies
Statement of responsibility
Jacob P. Rodriguez, Steven R. Loomis, and Joseph G. Weeres
Creator
Contributor
Subject
Language
eng
Summary
How do institutions shape the long-term direction of economies? What are the relevant causes of institutional change? How do institutions alter our standards of rationality and the possibilities of individual action? And are institutions raising or lowering the total sum of costs in the social order? Addressing such questions, The Cost of Institutions is a detailed account of how institutions impose information costs on markets--economic, political, and cultural. This book disputes the possibility that a market under scale can achieve equilibrium. It argues that as institutions attempt to support the growth of markets, they evolve with a general tendency to favor a specific form of information. The authors explain how this distortion in the information base of the economy biases the incentive system and the pattern of resource allocation; they further explain how it transforms production probabilities and the intricacies of human exchange, causing the loss of the capacity to preserve individual liberty. Scholars and students from a variety of fields will welcome The Cost of Institutions, which identifies the dominant factors that link the interaction of institutions across markets and, in so doing, takes a major step toward the development of an integrated theory of institutions
Cataloging source
AU@
Dewey number
330
Index
index present
LC call number
HB99.5
LC item number
.R64 2007eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Label
The cost of institutions : information and freedom in expanding economies, Jacob P. Rodriguez, Steven R. Loomis, and Joseph G. Weeres
Publication
Bibliography note
Includes bibliographical references (pages 179-187) and index
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Expansion Under Uncertainty -- The State: An Information Theory -- Establishing Direction in Production: The Special Case of Education -- The Individual and Collective in Education -- Politics and Markets: The Logic of Convergence -- Market Failure in the Preservation of Liberty
Control code
ocn954335891
Dimensions
unknown
Edition
1st ed
Extent
1 online resource (viii, 198 pages)
Form of item
online
Isbn
9781349538256
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1057/9780230604797
http://library.link/vocab/ext/overdrive/overdriveId
303415
http://library.link/vocab/recordID
.b36093129
Specific material designation
remote
System control number
  • (OCoLC)954335891
  • pebcs023060479X

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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